market & country brief on kenya · holds a significant place in kenya’s economy. the economy,...
TRANSCRIPT
SRI LANKA EXPORT DEVELOPMENT BOARD
Market & Country brief on Kenya
PREPARED BY
MARKET DEVELOPMENT DIVISION-EDB
October, 2018
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Contents
1. Kenya in Brief
2. Trade between Sri Lanka and Kenya
3. Bilateral Trade between Sri Lanka and Kenya (2013-2017)
4. Sri Lanka’s Major Export Products to Kenya (2013-2017)
5. Sri Lanka’s Major Import Products from Kenya (2013-2017)
6. Sri Lanka’s Leading Exporters to Kenya -2017
7. Potential Exports to Kenya from Sri Lanka
8. Kenya Trade with the World (2013-2017)
9. Trade Agreements of Kenya
10. Useful Addresses
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1. Kenya in Brief
Geographical Location
Kenya – Map Kenya - Flag
Kenya is a country in Eastern Africa that covers an area of 580,367 square kilometers and the
50th largest country in the world. Kenya is bordered by the Indian Ocean and situated between
Somalia and Tanzania. The capital of Kenya is Nairobi. The country possess limestone, soda
ash, salt, gemstones, fluorspar, zinc, diatomite, gypsum, wildlife and hydropower as natural
resources.
Demography
Population : 47,615,739 (July 2017 est.)
Population growth rate : 1.69% (2017 est.)
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Economy
Kenya is the economic, financial, and transport hub of East Africa. Kenya’s real GDP growth
has averaged over 5% for the last decade. Since 2014, Kenya has been ranked as a lower middle
income country. Agriculture remains the backbone of the Kenyan economy, contributing one-
third of GDP. About 75% of Kenya’s population of roughly 48.5 million work at least part-
time in the agricultural sector, including livestock and pastoral activities. Over 75% of
agricultural output is from small-scale, rain-fed farming or livestock production. Tourism also
holds a significant place in Kenya’s economy. The economy, however, is well placed to resume
its decade-long 5%-6% growth rate. While fiscal deficits continue to pose risks in the medium
term, other economic indicators, including foreign exchange reserves, interest rates, current
account deficits, remittances and FDI are positive. President Kenyatta has pledged to make
economic growth and development, focusing on his “Big Four” initiatives of universal
healthcare, food security, affordable housing, and expansion of manufacturing.
GDP - per capita (PPP) : $3,500 (2017 est.)
$3,400 (2016 est.)
Exports
Amount: US $ Mn 5,747 (2017)
US $ Mn 5,697 (2016)
Export commodities:
Tea Horticultural products Coffee Petroleum products Fish Cement Apparel
Export partners:
Uganda 10.8% Pakistan 10.6% US 8.1% Netherlands 7.3% UK 6.4% Tanzania 4.8% UAE 4.4%
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Imports
Amount: US $ Mn 16,690 (2017)
US $ Mn 14,113 (2016)
Import commodities:
Machinery and transportation equipment Oil Petroleum products Motor vehicles Iron and steel Resins and plastics
Import partners:
China 22.5% India 9.9% UAE 8.7% Saudi Arabia 5.1% Japan 4.5%
Source: CIA World Factbook, Trade Map
2. Trade between Sri Lanka & Kenya
Kenya is the 59th export destination for Sri Lanka. Total export value from Sri Lanka to Kenya
was US $ 18.5 million in 2017 and total imports from Kenya to Sri Lanka for the same period
were US $ 4.9 million. Sri Lanka’s exports have increased from US $ 10.7million to US $ 18.5
million with reference to the 2013 & 2017.
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3. Bilateral Trade between Sri Lanka and Kenya (2013-2017)
Value in US $ Million
Year SL-Exports SL-Imports Trade Balance
2013 10.7 3.2 7.4
2014 9.7 3.1 6.6
2015 16.4 3.1 13.3
2016 13.0 3.1 9.9
2017 18.5 4.9 13.6
Source: Sri Lanka Customs
10.79.7
16.4
13.0
18.5
3.2 3.1 3.1 3.1
4.9
7.46.6
13.3
9.9
13.6
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
20.0
Val
ue
Year
Trade between Sri Lanka and Kenya (2013-2017)
SL-Exports SL-Imports Trade Balance
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4. Sri Lanka’s Major Export Products to Kenya (2013-2017)
Value in US $ Thousand
Code Description 2013 2014 2015 2016 2017
S.0701 Woven Fabrics 665 997 1,136 1,363 6,775
S.120302 Cartons, Boxes & Bags 2,488 3,169 3,507 4,058 3,169
S.160101 Electrical Transformers 151 4,023 402 1,547
S.130203 Sacs & Bags of Plastics 1 ... 246 776 908
S.120399 Paper & Paper Products 2 1 174 561
S.030205 Coco Peat & Fiber Pith 299 349 367 295 547
S.120203 Labels Printed or Not 259 253 282 222 545
S.140401 Glass & Glassware ... 59 135 ... 541
S.160199 Electrical & Electronic Products 79 246 14 475 522
S.0799 Textile Articles 40 4 35 65 504
S.020104 Crepe Rubber 453 422 232 264 261
S.020302 Pneumatic & Retreated Rubber Tyres & Tubes
482 683 563 642 230
S.030301 Activated Carbon 102 90 66 59 223
S.130204 Products of Plastics 102 168 103 528 189
S.020301 Rubber Plates, Sheets Rods of Vulcanized or Unhardened Rubber
305 398 156 205 187
S.160105 Discharge Lamps 270 45 107 51 175
S.1599 Products of Base Metal ... 57 400 138 159
S.0702 Apparel 3 ... 23 55 155
S.1501 Structures of Iron & Aluminum 3 405 1,185 153
S.0101 Tea Packets 403 225 227 325 115
S.160201 Motor Vehicles & Parts 328 1 1 1 108
S.140201 Worked Monumental Stones 107
S.1801 Petroleum Oils 93
S.160104 Switches, Lamp Holders Boards & Panels
17 52 70
S.040106 Essential Oils 69
Others 4,218 2,575 4,379 1,679 551
Total : 10,651 9,745 16,424 13,015 18,464
Source: Sri Lanka Customs
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Woven Fabrics43%
Cartons, Boxes & Bags20%
Electrical Transforme
rs10%
Sacs & Bags of Plastics
6%Paper & Paper Products
4%
Coco Peat & Fiber Pith
4%
Labels Printed or Not
4%
Glass & Glassware3%
Electrical & Electronic Products
3%
Textile Articles3%
SRI LANKA’S MAJOR EXPORT PRODUCTS TO KENYA -2017
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5. Sri Lanka’s Major Import Products from Kenya (2013-2017)
Value in US $ Thousand
Code Description 2013 2014 2015 2016 2017
S.0199 Tea 1,476 1,471 2,190 2,089 3,302
S.1001 Raw Hides & Skins 250 486
S.0803 Processed Food ... ... 190 228
S.0105 Green Tea 186 179 79 197
S.0703 Made-Up Textile Articles
3 154 ... 131
S.1599 Products of Base Metal
98 9 4 8 108
S.160111 Tea Bagging, Packing
109 16 96
S.030205 Coco Peat & Fiber Pith
30 64 57 64
S.0701 Woven Fabrics 96 9 35 25 60
S.0502 Ornamental Fish 23 36 40 8 54
S.160199 Electrical & Electronic Products
21 12 3 38 32
S.120399 Paper & Paper Products nes
1 34 4 32
S.95 Products Unclassified 27 4 46 1 30
S.040402 Foliage 1 2 6 21 20
S.130102 Organic Chemicals ... 16
S.0799 Textile Articles ... 20 ... 12
S.130199 Chemical Products 5 15 8
S.0702 Apparel ... ... 59 7
S.020304 Gaskets, Washers, Seals etc. of Hard Rubber
6 3
S.130204 Products of Plastics 1 1 ... 1 2
S.160201 Motor Vehicles & Parts
5 2 2
S.160108 Boilers, Piston Engines, Pumps & Vacuum Pumps
... 13 2
S.130107 Soap, Washing Preparations, Waxes, Candles etc.
2
S.1503 Nails, Screws, Bolts & Nuts of Metal
... 3 2 1
S.130201 Starches, Glues, Enzymes
1
Others 1,472 1,341 204 262 5
Total : 3,215 3,131 3,076 3,144 4,900
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Source: Sri Lanka Customs
Tea70%
Raw Hides & Skins10%
Processed Food5%Green Tea
4%Made-Up
Textile Articles3%
Products of Base Metal
2%
Tea Bagging, Packing
2%
Coco Peat & Fiber Pith2%
Woven Fabrics1%
Ornamental Fish1%
SRI LANKA’S MAJOR IMPORT PRODUCTS FROM KENYA -2017
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6. Sri Lanka’s Leading Exporters to Kenya -2017
Company Details Products Exported within this Period
Textured Jersey Lanka Plc Woven Fabrics
Printcare Universal Pvt Ltd Cartons, Boxes & Bags, Labels Printed or
Not
L T L Transformers Pvt Ltd Electrical Transformers
American & Efird Lanka Pvt Ltd Woven Fabrics, Other Textile Articles
Packages Lanka Pvt Ltd Sacs & Bags of Plastics
L & C Packaging Industries Pvt Ltd Cartons, Boxes & Bags
Piramal Glass Ceylon Plc Glass & Glassware
St Regis International Pvt Ltd Cartons, Boxes & Bags
Avery Dennison Lanka Pvt Ltd Textile Articles, Paper & Paper Products
J F & I Packaging Pvt Ltd Offset packaging/flexible packaging and
printed corrugated packaging
Helix Engineering Pvt Ltd Electrical & Electronic Products, Switches,
Lamp Holders Boards & Panels
St. Theresa Industries Pvt Ltd
Structures of Iron & Aluminum, Nails,
Screws, Bolts & Nuts of Metal, Refined
Copper & Lead Alloys
Sierra Cables Plc Insulated Wires and Cables
Nithya Paper & Boards Lanka Pvt Ltd Paper & Paper Products
Elgi Rubber Co Ltd Rubber Plates, Sheets Rods of Vulcanized or
Unhardened Rubber
Haycarb Plc Activated Carbon
Korean Spa Packaging Pvt Ltd Cartons, Boxes & Bags, Sacs & Bags of
Plastics
Elsteel Pvt Ltd Discharge Lamps
Hardy Export Co Pvt Ltd Coco Peat & Fiber Pith
Source: Sri Lanka Customs
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7. Potential Products to be exported from Sri Lanka
Cartons, boxes and cases, of corrugated paper or paperboard
Liquid dielectric transformers
Sacks and bags (paper, paperboard)
Sacks and bags (plastics)
Paper or paperboard labels of all kinds(printed)
Sewing thread of synthetic filaments
Machinery for the industrial preparation or manufacture of food or drink
Activated carbon
Machinery for filling, closing, sealing or labelling bottles, cans, boxes, bags
Flexible tubes, pipes and hoses, of plastics
Solid or cushion tyres
Black fermented tea and partly fermented tea
Men's or boys' shirts of textile materials
Printing ink
Floor coverings and mats, of vulcanized rubber
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8. Kenya Trade with the World (2013-2017)
Value in US $ Million
Source: Trade Map
2013 2014 2015 2016 2017
Exports 5,831 6,112 5,907 5,697 5,747
Imports 16,407 18,386 16,062 14,113 16,690
5,831 6,112 5,907 5,697 5,747
16,407
18,386
16,062
14,113
16,690
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
2013 2014 2015 2016 2017
Val
ue
Year
Kenya Trade with the World (2013-2017)
Exports Imports
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9. Trade Agreements of Kenya
Common Market For Eastern And Southern Africa (COMESA)
Bilateral Trade Agreements with,
- Argentina
- Bangladesh
- Bulgaria
- China
- Comoros
- Congo(DRC)
- Djibouti
- Egypt
- Hungary
- India
- Iraq
- Lesotho
- Liberia
- Netherlands
- Nigeria
- Pakistan
- Poland
- Romania
- Russia
- Rwanda
- Somalia
- Swaziland
- Tanzania
- Thailand
- Zambia
- Zimbabwe
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10. Useful Addresses
Sri Lankan High Commission in Nairobi, Kenya
L. R. No. 1/1102, Lenana Road
Kilimani
P.O. Box 48415
Nairobi
Kenya
TP :( +254) 20 387 2627
Fax :( +254) 20 387 2141
Email: [email protected]
Source: https://www.embassypages.com/